Log In/Sign Up
Your email has been sent.
2575 NW Lovejoy St 8 Unit Apartment Building $1,800,000 ($225,000/Unit) Portland, OR 97210
Investment Highlights
- Eight (8) on-site, numbered parking spaces — rare for the neighborhood
- 100% occupied 8-unit multifamily investment in Portland’s Nob Hill / NW District
- Units feature fireplaces, private decks, and individual storage
- Recent capital improvements including new roof (2023–2024) and new exterior paint
- On-site laundry with proximity to Forest Park and downtown Portland
- Prime location two blocks from NW 23rd Avenue, near dining, retail, and entertainment
Executive Summary
Discover an outstanding 100% occupied investment opportunity in the heart of Portland's vibrant NW district, Nob Hill, two blocks to NW 23rd Avenue. This meticulously maintained 8-unit multifamily property with new roof 2023-2024 offers a blend of urban convenience and serene outdoor access, perfect for those seeking both city life and nature. Each unit designed with comfort in mind, featuring cozy fireplaces, private decks, with individual storage units catering to all your organizational needs. Eight on-site numbered parking spaces residents will appreciate, a rare find in this sought-after neighborhood. With convenient laundry facilities available on site, everyday living is made easy. Nestled moments away from the lush trails of Forest Park and with quick access to 23rd Ave. & downtown Portland’s bustling dining and entertainment scene, the location could not be better. Whether you are a seasoned investor or looking to expand your portfolio, this prime property promises consistent rental income potential in one of Portland’s trendiest locales. Please do not disturb Tenants, call for information.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$111,700
|
$15.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,700
|
$15.55
|
| Taxes |
$22,252
|
$3.10
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,252
|
$3.10
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $111,700 |
| Annual Per SF | $15.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $111,700 |
| Annual Per SF | $15.55 |
| Taxes | |
|---|---|
| Annual | $22,252 |
| Annual Per SF | $3.10 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $22,252 |
| Annual Per SF | $3.10 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $225,000 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 7,182 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Parking Ratio | 1.11/1,000 SF |
| Zoning | RM3, Portland - The RM3 zone is a medium- to high-density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors. | ||
| Price | $1,800,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 7,182 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | RM3, Portland - The RM3 zone is a medium- to high-density multi-dwelling zone applied near the Central City, and in centers, station areas, and along civic corridors. |
Amenities
Unit Amenities
- Dishwasher
- Fireplace
- Hardwood Floors
- Refrigerator
- Deck
- Dining Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Storage Space
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $1,243 | 750 |
| 1+1 | 3 | $1,185 | 700 |
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R171500 | Total Assessment | $826,570 |
| Land Assessment | $0 | Annual Taxes | $22,252 ($3.10/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
R171500
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$826,570
Annual Taxes
$22,252 ($3.10/SF)
Tax Year
2025
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2575 NW Lovejoy St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.